Household Savings Calculator

Medicare for All is a health insurance program where every resident of the United States receives health coverage for all medically necessary services and providers are paid from a public fund.

Under Medicare for All, premiums, deductibles, co-payments, prior authorizations, provider networks, out-of-pocket costs and other barriers to care that exist now will be replaced by the progressive taxes modeled in this calculator and based on ability to pay.

Medicare for All will pay for all medically necessary care. This includes:

• Inpatient, outpatient, emergency, and preventive care
• Dental, vision, and hearing care
• Mental health care
• Prescription drugs
• Lab and diagnostic services
• Medical devices
• Reproductive health care such as abortion, prenatal care, infertility treatment and more
• Gender affirming care
• Physical therapy and rehab
• Emergency and necessary transportation
• Long term care supports and services
• Hospice care
• Telehealth
• — and more

Yes, in-home and institutional long term care services and supports are included. This will be a major improvement in care for seniors and the disabled.

Right now, we pay premiums, deductibles, co-pays, and additional money into the for-profit healthcare system. The complexity of the private health insurance system wastes close to 20% of our money on private health insurance company profits, advertising, excess billing and administration, and other unnecessary costs instead of health care.

The current Medicare program operates with administrative costs nearly ten times lower than the private health insurance system. Under Medicare for All, you will contribute to a program where taxes are directed toward health care, not profits or administrative waste.

Yes, if you're working, because it affects your pay. We assume that half of employer-paid premiums are passed to employees as lower pay.

If you're retired, don't report them because they don't affect your pay.

The calculator uses a combination of a progressive income tax (1% for income above $178,000 for joint filers and $89,000 for single filers, rising to 11% for income above $647,000 for joint filers and $539,000 for single filers); a flat payroll tax of 1.65%; a corporate profit tax of 15%; and a wealth tax of 3% for households with assets >$30 million.

These taxes will replace what you currently pay in premiums, co-pays, deductibles, and all other medical bills.

You may see large net savings, even above $10,000. Avoiding all premiums, out-of-pocket costs, and wage effects of employer-paid premiums saves a lot for many people. And, the tax plan to fund single payer is very progressive, concentrating on income >$300,000, wealth >$30 million, and corporate profits. Also, large savings result from eliminating billions of dollars in profits for health insurers, lowering prices, and slashing paperwork.

This calculator compares the information you give for current spending on health care and your Medicare for All spending based on a progressive tax model.

The calculator uses a combination of a progressive income tax (1% for income above $178,000 for joint filers and $89,000 for single filers, rising to 11% for income above $647,000 for joint filers and $539,000 for single filers); a flat payroll tax of 1.65%; a corporate profit tax of 15%; and a wealth tax of 3% for households with assets >$30 million.

The added taxes are $1.6 trillion (2022). The tax structure is described above.

The calculator was created by a team including: James G. Kahn MD MPH (jgkahn@gmail.com), Aaron Proctor, Rachel Madley PhD, Divya Ganesan, and Henry L. Abrons MD MPH. Collaborating organizations for this and an earlier California version include the Medicare for All Political Action Committee, Physicians for a National Health Program, Healthy California Now, and the National Union of Healthcare Workers.